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As simple as possible: 00 level trading

  • #14,801
  • Jul 31, 2014 9:17am Jul 31, 2014 9:17am
Quoting szpowerx
{quote} I just short EJ at 80, and take it TP. Of cuz, i am using a system adapted by myself. Goo luck when market ping pong between S&R.
EURCAD, actually this is a typical Udine's, right?

I take it with +8pips

This NY, i have two EC TP already, one with my system, one with Udine's.
Outcome is not important at all, but correct technique is what only matters
  • #14,802
  • Jul 31, 2014 9:25am Jul 31, 2014 9:25am
First day using Udine's system on my live account and +1.3%. Not bad at all.
Thank you Udine for sharing your method with us!!
See you guys tomorrow!
  • #14,803
  • Jul 31, 2014 9:25am Jul 31, 2014 9:25am
Quoting szpowerx
{quote} EURCAD, actually this is a typical Udine's, right? I take it with +8pips This NY, i have two EC TP already, one with my system, one with Udine's.

never looked at EC..

well done

Udine
Sleep less, live fast, as it aint gonna last
  • #14,804
  • Jul 31, 2014 9:28am Jul 31, 2014 9:28am
Quoting Udine
me on the sidelines.. dont like what I see Udine

smart...but what makes you to stay away fron this trade? Long range?
sometimes I think you know something we dont)))
  • #14,805
  • Jul 31, 2014 9:32am Jul 31, 2014 9:32am
Quoting Patron
Boys / girls, I say goodbye to you all, until after August. This is the best thread in the world.Take care of!
Have good time! See you in September.
Alec
Look for reasons not to take a trade.
  • #14,806
  • Jul 31, 2014 9:36am Jul 31, 2014 9:36am
See you later Folks!
  • #14,807
  • Jul 31, 2014 9:40am Jul 31, 2014 9:40am
Quoting Udine
{quote} never looked at EC.. well done Udine
Yes Sir, let me remove EC from my workshop.

Can you shed some light on why never look at EC? Thanks!
Outcome is not important at all, but correct technique is what only matters
  • #14,808
  • Jul 31, 2014 9:41am Jul 31, 2014 9:41am
Quoting Masterrmind
{quote} The system works you just need to keep calm and the winners will come. ...... Masterrmind.............
Hi Mastermind,
Your words sounds like a slogan:-) I like that: "The system works you just need to keep calm and the winners will come".
Green pips to you and looking forward to see your trades.
Alec
Look for reasons not to take a trade.
  • #14,809
  • Jul 31, 2014 9:45am Jul 31, 2014 9:45am
Quoting Udine
{quote} change timeframes and if that does not work remove the indi and re attach.. cheers Udine
Hi Udine,

Thanks for the quick reply.
I changed timeframe- no change in the bars.
I will try and remove and re-load the indi again, but I can't seem to find what this indi called. Can you please advise.
Thanks
  • #14,810
  • Edited 10:15am Jul 31, 2014 9:49am | Edited 10:15am
Quoting Udine
I was asked in a PM about some readin material about trading psychology.. if your interested here is some food for thought: http://www.brettsteenbarger.com cheers Udine
He is very good I need to re-read one of his books. Thanks for reminding
Look for reasons not to take a trade.
  • #14,811
  • Jul 31, 2014 9:53am Jul 31, 2014 9:53am
Quoting overseaz
{quote} Hi Mastermind, Your words sounds like a slogan:-) I like that: "The system works you just need to keep calm and the winners will come". Green pips to you and looking forward to see your trades. Alec
Yes there is of course a lot more to it than what was written in that post.

The main point was to not be in such a hurry to make a trade because the market place as it stands now is more dangerous.

That is obvious to most but you would be surprised to know that even longer term traders make the mistake of jumping in at the wrong times and losing a trade that should never have been entered in the first place.

My opinion from what I have seen on the charts today is that there were far too few high probability trades (maybe just a couple) but not worth the risk.

So sidelines for me today and I'm happy with that decision.

All the best I will be back tomorrow to once again hunt for the elusive green pip!

Masterrmind............
Master your Mind then Master your Trades
  • #14,812
  • Jul 31, 2014 9:53am Jul 31, 2014 9:53am
Udine please see the screenshot, I'm in the transaction at 16:00, there was a true test entrance to the position? and in general the entrances to the true test, or no if not please tell me where the mistake. thank you
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 40 KB
  • #14,813
  • Jul 31, 2014 9:57am Jul 31, 2014 9:57am
Hi Udine, could you kindly explain the rule 12. Distance to RN > 10 pips (see 3 & 4) ?

Thanks a lot!
Alberto
  • #14,814
  • Jul 31, 2014 10:07am Jul 31, 2014 10:07am
Quoting szpowerx
{quote} Yes Sir, let me remove EC from my workshop. Can you shed some light on why never look at EC? Thanks!

the more pairs, the less I can focus... so I need to look at the minimum number of pairs to get the maximum results...

and with only 4 pairs to watch I am able to PDF & BCC all the way..

Udine
Sleep less, live fast, as it aint gonna last
  • #14,815
  • Jul 31, 2014 10:09am Jul 31, 2014 10:09am
Quoting Udine
{quote} the more pairs, the less I can focus... so I need to look at the minimum number of pairs to get the maximum results... and with only 4 pairs to watch I am able to PDF & BCC all the way.. Udine
Thanks for the explain.

I know this, you declare clearly for a few times. Thanks again!
Outcome is not important at all, but correct technique is what only matters
  • #14,816
  • Jul 31, 2014 10:12am Jul 31, 2014 10:12am
Quoting Masterrmind
{quote} Yes there is of course a lot more to it than what was written in that post. The main point was to not be in such a hurry to make a trade because the market place as it stands now is more dangerous. That is obvious to most but you would be surprised to know that even longer term traders make the mistake of jumping in at the wrong times and losing a trade that should never have been entered in the first place. My opinion from what I have seen on the charts today is that there were far too few high probability trades (maybe just a couple) but...
I know that very well. Every time I jumped in I had a looser trade.
No trades today for me. Didn't take 2 good Pound trades this morning for different reasons. Since then didn't like anything on 4 main pairs to trade.
See you guys tomorrow.
Alec
Look for reasons not to take a trade.
  • #14,817
  • Jul 31, 2014 10:13am Jul 31, 2014 10:13am
Quoting Foxksi
Udine please see the screenshot, I'm in the transaction at 16:00, there was a true test entrance to the position? and in general the entrances to the true test, or no if not please tell me where the mistake. thank you {image}
for me the EJ long was never an option..
- the EU was hitting a RN & DO
- the GJ was clearly down

was not a stacking the odds in your favor..

Udine
Sleep less, live fast, as it aint gonna last
  • #14,818
  • Jul 31, 2014 10:14am Jul 31, 2014 10:14am
Quoting Fenderman
{quote} smart...but what makes you to stay away fron this trade? Long range? sometimes I think you know something we dont)))

look at the charts, looks messy... no clear trends

Udine
Sleep less, live fast, as it aint gonna last
  • #14,819
  • Jul 31, 2014 10:15am Jul 31, 2014 10:15am
Quoting bugyibuci
{quote} Hi Udine, Thanks for the quick reply. I changed timeframe- no change in the bars. I will try and remove and re-load the indi again, but I can't seem to find what this indi called. Can you please advise. Thanks
UFX Trend Multimeter

Udine
Sleep less, live fast, as it aint gonna last
  • #14,820
  • Jul 31, 2014 10:17am Jul 31, 2014 10:17am
Quoting Alberto_Jazz
Hi Udine, could you kindly explain the rule 12. Distance to RN > 10 pips (see 3 & 4) ? Thanks a lot! Alberto

Rule 12 confirms rule 5 & 6

distance to Round number must be bigger than 10 pips.... so never trade towards the Round Number.. no long @ .900 level and no short @ .100 level

Udine
Sleep less, live fast, as it aint gonna last
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